It’s possible to mobilize concessional resources to accelerate climate action

Estimates indicate that damage caused by climate change could cost the region $100 billion annually by 2050. Therefore, climate action is urgent for and from everyone. The LAC region benefits from accessing donor resources to address climate change’s challenges in their economies, finding ways to increase ambition, and searching for solutions to tackle climate change. Through concessional climate finance, Multilateral Development Banks like the IDB provides financing through grants and concessional lending to developing countries.

Join us to learn more about concessional climate finance and about one particular fund that is accelerating how IDB member countries identify, plan, design, and manage climate-resilient and sustainable investments in infrastructure, agriculture, and land-use management: the NDC Pipeline Accelerator Multi-Donor Trust Fund (ACL).

In this new episode of IT’S POSSIBLE/ES POSIBLE, hosted by Isabelle Brally-Cartillier, Operations Lead Specialist, ORP, we discussed how concessional climate finance is accelerating climate-resilient and sustainable investments with three expert guests Gloria Visconti, Sector Lead Specialist, IDB, Leena Klossner, Deputy Managing Director, NDF, and Marcelino Madrigal, Energy Division Chief, IDB

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At the Inter-American Development Bank we work to improve lives in Latin America and the Caribbean. http://www.iadb.org